A report by a leading proxy advisory firm that sided with activist hedge-fund manager William Ackman in his attempt to win seats on Target Corp's board contains statements that are inaccurate or misleading, the discount retail said.
Target Corp reported a better-than-expected quarterly profit on Wednesday, as the No 2 U.S. discount retailer offset sluggish sales by keeping a tight control on inventory and expenses, while its credit card business was profitable.
Target Corp reported a better-than-expected profit on Wednesday as the No. 2 U.S. discount retailer offset sluggish sales by keeping a tight control on inventory and expenses, while its credit card business was profitable.
Target Corp reported a better-than-expected quarterly profit on Wednesday, as the No 2 U.S. discount retailer offset sluggish sales by keeping a tight control on inventory and expenses, while its credit card business was profitable.
Wal-Mart Stores Inc said on Tuesday it is expanding its assortment of hot electronics, like Blu-ray DVD players and high-definition TVs, and freshening the look of its 3,500 U.S. electronics departments as the retailer seeks to grab market share.
Wal-Mart Stores Inc is revamping the electronics departments in its stores to attract customers who previously shopped at the now defunct Circuit City Stores Inc, according to The Wall Street Journal.
Investors might have underestimated Wal-Mart Stores Inc's prospects once economic recovery begins, but the retailer's management is buying the stock because it knows it is trading at a bargain, Barron's reported on Sunday.
Kohl's Corp and Nordstrom Inc beat quarterly profit estimates and raised their 2009 earnings views, defying a still precarious environment for department stores in which both well-to-do and budget shoppers are paring back.
Stocks rose on Thursday as investors returned to financial and technology shares on bets the recent rally could have more room to grow after a brief pullback.
Wal-Mart Stores Inc reported a flat quarterly profit that met Wall Street expectations on Thursday as the stronger U.S. dollar offset increased sales from shoppers seeking deals in its stores amid a global economic slowdown.
Wal-Mart Stores Inc reported a flat quarterly profit on Thursday as its low prices attracted shoppers amid a global economic slowdown, but the retailer's results suffered from the stronger U.S. dollar.
The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, government data showed on Thursday, pushed up by auto plant shutdowns related to Chrysler's bankruptcy.
Kohl's Corp posted a lower quarterly profit on Thursday but just beat Wall Street's expectations as the department store operator managed to show a slight increase in sales despite persisting consumer thrift.
Stock index futures pointed to a lower open on Thursday after the number of workers receiving jobless benefits hit another record and consumer bellwether Wal-Mart reported flat quarterly profits.
The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, government data showed on Thursday, pushed up by auto plant shutdowns related to Chrysler's bankruptcy.
Stock index futures pointed to a lower open on Thursday after consumer bellwether Wal-Mart reported flat quarterly profits and as investors awaited producer price and jobless data for insight into the state of the economy.
Stock index futures pointed to a flat to lower open on Thursday after consumer bellwether Wal-Mart reported flat quarterly profits and as investors awaited producer price and jobless data for insight into the state of the economy.
Wal-Mart Stores Inc reported a roughly flat quarterly profit on Thursday as its low prices attracted shoppers amid a global economic slowdown, but the retailer's results were limited by a stronger U.S. dollar.
Stocks tumbled on Wednesday as worse-than-expected retail sales hurt shares in the sector, including Wal-Mart Stores Inc, and dampened recent enthusiasm over the economic outlook.
Stocks slumped on Wednesday after retail sales data came in worse than expected, hurting shares in the sector including Wal-Mart Stores Inc and blurring the economic outlook.
Hedge fund manager William Ackman introduced shareholders on Monday to his five nominees for the Target Corp board, promising their expertise could make the retailer a better company.
U.S. retailers posted better- than-expected monthly sales results for a second straight month in April, giving fresh evidence that consumer spending is warming up with the spring weather.
